The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Saturday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Price Performance

The Dixie Group stock opened at $0.69 on Friday. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The business has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $0.75. The stock has a market capitalization of $10.61 million, a PE ratio of -3.45 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.04 EPS for the quarter. The firm had revenue of $70.51 million for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. 40.00% of the stock is owned by institutional investors.

The Dixie Group Company Profile

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.